Clean Seas Seafood (ASX:CSS) Total Inventories : A$16.19 Mil (As of Dec. 2023)

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What is Clean Seas Seafood Total Inventories?

Clean Seas Seafood's total inventories for the quarter that ended in Dec. 2023 was A$16.19 Mil. Clean Seas Seafood's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$13.69 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Clean Seas Seafood's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Clean Seas Seafood's Days Inventory for the six months ended in Dec. 2023 was 224.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Clean Seas Seafood's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.81.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Clean Seas Seafood's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.40.

Clean Seas Seafood Total Inventories Historical Data

The historical data trend for Clean Seas Seafood's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Clean Seas Seafood Total Inventories Chart

Clean Seas Seafood Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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9.47

10.89

11.25

7.69

11.19

Clean Seas Seafood Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															6.32	7.69	9.02	11.19	16.19

Clean Seas Seafood Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Clean Seas Seafood (ASX:CSS) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Clean Seas Seafood's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(6.587	+	0.75 * 5.225	+	0.5 * 16.192	-	23.171
-	0	-	0)	/	190.85
=	-0.02

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Clean Seas Seafood's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	13.6915	/	11.116	*	365 / 2
	=	224.78

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Clean Seas Seafood's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	11.116	/	13.6915
	=	0.81

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Clean Seas Seafood's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	13.6915	/	34.083
	=	0.40

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Clean Seas Seafood Total Inventories Related Terms

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Clean Seas Seafood (ASX:CSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Clean Seas Seafood Ltd (ASX:CSS) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

CTUNF:USA CSS:Norway C7S:Germany

Address

7 Frederick Road, Royal Park, Adelaide, SA, AUS, 5014

Website

https://www.cleanseas.com.au

Clean Seas Seafood Ltd is engaged in full-cycle breeding, production, and sale of Yellowtail Kingfish. The company's operating segments are Finfish Sales and Tuna Operations. It generates a majority of its revenue from the Finfish sales segment. The fish sales segment includes Yellowtail Kingfish, Mulloway, and some wild caught Tuna. Geographically, it derives a majority of its revenue from Australia and also has a presence in Europe and Other countries.